Source: Team_Talk
Strafford: No administration danger
Strafford has also revealed Wednesday, who have reported debts of £26million, are still in takeover talks with American investment group Club 9.[LNB]He told BBC Radio Sheffield: "The Co-op bank won't drop us into administration. They would lose money in that arrangement versus the club being run properly, being progressive and a good owner coming in."[LNB]Strafford added: "Club 9 are in the middle of negotiations with the Co-op bank. There's meetings happening in the next week or so and they might even be at the game on Saturday.[LNB]"They're going to be taking the air or seeing what Sheffield Wednesday is all about. Between now and when they get a deal done, we've got to drive this football club forward."[LNB]Strafford confirmed the Owls required average attendances of at least 24,000 to break even and that would apply even if they were relegated to League One for next season.[LNB][LNB][LNB]
